Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (15375)	12/7/2002 9:47:25 AM
From: High-Tech East	Read Replies (1) \| Respond to of 19219

hi bobby ... happy Saturday! A major issue to me is that "Investors Intelligence" sentiment is almost exactly in the same place as the beginning of every other equity slump since late 1999 ... bullish advisors are at 51.1% while bearish advisors are at 25.0% - a differential of 26.1%. Typically, a differential of bulls over bears of 26.4% to 31.0% spells almost immediate trouble for bulls (at least for the last 3 years) ... At the opposite end of things, the rallies of spring, 2001 ... fall, 2001 ... July, 2002 ... and the most recent rally that started in early October ALL had sentiment readings where the bearish advisors ranked higher than bullish advisors - except for spring, 2001 when the differential (bulls over bears) collapsed to just 2.1%. That looks like probable trouble for equities between now and around late January. Sentiment is only one issue, but a pretty important one in my mind. What do you think? Ken